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Global assessment of climate change and trade on food security
Abstract
Abstract. The rise in global trade has led to improvements in the standard of living and lifted many out of poverty, but not all countries have been able to fully integrate into the world trading system due to lack of resources. Access to food supplies is critical for those with inadequate access to food for sustainable consumption. The evolving trade dynamics and climate change will result in winners and losers for the global food system, with some regions experiencing double exposure to economic and climate-related shocks and stressors. Trade openness can significantly reduce vulnerabilities and enhance food security, if necessary, infrastructure is in place. Although global trade can play a crucial role in ensuring that the global food system adapts to a changing climate, this potential will only be realized if trade is managed to maximize the benefits of broadened access to new markets and minimize the risks of increased exposure to international competition and market volatility. For regions like Africa, enhanced transportation networks, combined with greater national reserves of cash and enhanced social safety nets, could reduce the impact of double exposure on food security.
Keywords. International trade; Food security; Climate change.
JEL. F13; F14; Q54.Keywords
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DOI: http://dx.doi.org/10.1453/jsas.v10i1-2.2434
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